There is no predetermined path for interest rates from here and future moves from the Bank of Canada will be particularly data-dependent, Governor Stephen Poloz said on Wednesday. Striking a cautious note and listing uncertainties facing Canada’s economy, Poloz said the central bank will closely watch movements in longer-term interest rates and the exchange rate as it considers how to follow its two recent rate hikes. His remarks caused the TSX to leap 135 points and the dollars to slip at bit to 80.84 Us cents. “We will continue to feel our way cautiously as we get closer to home, fostering economic growth and keeping our inflation target front and center,” Poloz added —BNN
